GCMAsia - GBPUSD
GBPUSD
2017-10-16
| Resistance and Support | Level | Explanation |
| Resistance | 1.3450 | Daily |
| Support | 1.3260 | Daily |
GBPUSD, Daily: GBPUSD was traded higher following prior rebound near the support level of 1.3020 while currently testing at the 20-MA line (red). MACD histogram which shows diminishing downward signal and imminent formation of golden cross suggests the pair to advance further upwards after successfully closing above the 20-MA line (red).
Resistance level: 1.3450, 1.3655
Support level: 1.3260, 1.3020